City staff report SHIP spending pace on foreclosure intervention and heirs-property programs
Housing staff told the Finance Committee the city allocated $750,000 to foreclosure intervention and $400,000 to heirs-property work from state SHIP funds; staff said set-aside rules limit non-construction spending and vendors Jala and LISC have remaining contract balances to expend.
The full story
Travis Jeffrey, chief of the Housing and Community Development Division, updated the Finance Committee on last year’s State Housing Initiatives Partnership (SHIP) allocations for foreclosure intervention and heirs-property assistance. He said the city allocated $750,000 to foreclosure intervention and $400,000 to heirs property and noted statutory set-asides restrict how the money can be used.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.